Captrust Financial Advisors Buys 1,203 Shares of AppFolio, Inc. (NASDAQ:APPF)

Captrust Financial Advisors lifted its position in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) by 27.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,577 shares of the software maker's stock after purchasing an additional 1,203 shares during the period. Captrust Financial Advisors' holdings in AppFolio were worth $1,376,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. South Dakota Investment Council boosted its stake in AppFolio by 94.4% in the fourth quarter. South Dakota Investment Council now owns 3,500 shares of the software maker's stock valued at $864,000 after acquiring an additional 1,700 shares during the last quarter. Bryce Point Capital LLC purchased a new position in AppFolio in the fourth quarter valued at about $1,392,000. Hsbc Holdings PLC purchased a new position in AppFolio in the fourth quarter valued at about $557,000. Sei Investments Co. boosted its stake in AppFolio by 9.4% in the fourth quarter. Sei Investments Co. now owns 45,826 shares of the software maker's stock valued at $11,306,000 after acquiring an additional 3,935 shares during the last quarter. Finally, SYM FINANCIAL Corp purchased a new position in AppFolio in the fourth quarter valued at about $292,000. 85.19% of the stock is owned by institutional investors.

AppFolio Trading Up 3.1%

Shares of NASDAQ APPF traded up $6.48 during midday trading on Friday, hitting $218.91. The company's stock had a trading volume of 263,350 shares, compared to its average volume of 271,707. The stock has a fifty day moving average price of $217.02 and a 200 day moving average price of $231.31. AppFolio, Inc. has a one year low of $189.01 and a one year high of $274.56. The firm has a market capitalization of $7.89 billion, a price-to-earnings ratio of 39.44 and a beta of 0.99.

AppFolio (NASDAQ:APPF - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The software maker reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.02). The business had revenue of $217.70 million during the quarter, compared to the consensus estimate of $220.95 million. AppFolio had a net margin of 25.69% and a return on equity of 26.21%. The business's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the firm earned $1.05 EPS. On average, equities research analysts predict that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on APPF shares. DA Davidson upgraded shares of AppFolio to a "strong-buy" rating in a research note on Tuesday, May 13th. Keefe, Bruyette & Woods dropped their price objective on shares of AppFolio from $210.00 to $205.00 and set an "underweight" rating on the stock in a report on Friday, April 25th. Stephens reiterated an "overweight" rating and set a $295.00 target price on shares of AppFolio in a research report on Friday, January 31st. Piper Sandler reissued a "neutral" rating and issued a $265.00 price target on shares of AppFolio in a research report on Wednesday, April 23rd. Finally, William Blair reissued an "outperform" rating on shares of AppFolio in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $274.43.

Insider Buying and Selling

In related news, CEO William Shane Trigg sold 3,501 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $217.27, for a total transaction of $760,662.27. Following the sale, the chief executive officer now owns 83,824 shares of the company's stock, valued at approximately $18,212,440.48. This represents a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.24% of the stock is currently owned by insiders.

About AppFolio

AppFolio, Inc, together with its subsidiaries, provides cloud business management solutions for the real estate industry in the United States. The company provides a cloud-based platform that enables users to automate and optimize common workflows; tools that assist with leasing, maintenance, and accounting; and other technology and services offered by third parties.